Are you concerned about the accuracy of your company’s accounts payable processes? Do you suspect that you may be losing money due to overpayments, duplicate payments, rebates, pricing or other errors? Organisations and Accounts Payable teams are stretched for resources and don’t have access to the AI technology and solutions that Audit Partnership can provide.
Our accounts payable recovery audit services help identify overpayments to suppliers that can be recovered. By performing a thorough AP recovery audit of your books, we are able to locate billing errors like duplicate payments, incorrect pricing, and unsupported charges with the help of our cutting edge software .
Our proprietary data analytics and technology tools then conduct an accounts payable recovery audit, scanning through millions of records to find hidden overpayments.
Contact us today to learn how our accounts payable recovery audit services can help your business recover overpayments and realise savings.
ACCOUNTS PAYABLE FRAUD & DATA INTEGRITY
As the complexity of global accounts payable raises with its potential for fraud. Our Data Integrity Review is your strategic ally, ensuring the health of your accounts payable while minimising exposure to fraudulent activities. Covering your entire spend and supplier master file, this review provides actionable insights for smarter, leaner processes.
PROCESS AND OUTPUTS
Comprehensive Checks
Industry-leading algorithms for comprehensive fraud checks
Thorough Analysis
In-depth analysis by a specialist team
In-depth Reports
Clear reports on fraud analysis, supplier file maintenance, data cleansing, and spend analysis
Fraud Analysis
Identifying unusual or potentially fraudulent activities
Supplier File Maintenance
Removing duplicates and inactive suppliers, addressing erroneous entries
Spend Analysis
Tailorable reports on key spend areas by volume, value, and frequency
BENEFITS
- Reduced exposure to internal and external fraud
- Minimised likelihood of duplicate and incorrect payments
- Easy identification of saving opportunities
- Proactive management of supply risk
- Support for supplier compliance
- Enhanced Accounts Payable control
- Increased efficiency, saving time and money
PROCESS IMPROVEMENT
In our pursuit of true partnership, we champion collaborative Process Improvement, ensuring not just correction but prevention of leakage. Built on the foundation of our ISO9001 Quality Management System, committed to continuous improvement, we extend this ethos to empower your success. Our ‘right first time’ approach fortifies processes, featuring
Recommendations and Benefits
Buyer Workshops
Illuminating audit findings and root causes for your commercial teams
Ongoing Claim Leakage & Root Cause Analysis
Pinpointing concerns to minimise future leakage
End of Audit Reporting
Analysing long-term metrics, benchmarked against industry norms
End-to-End Process Review
Holistically assessing the entire process for non-compliance and corrective proposals
Real-Time Audits
Tracking the real-time impact of corrective measures